According to the most recent numbers from New Mexico’s Cannabis Control Division, the state has sold nearly $13 million in total cannabis products since legal sales started.
“I think it’s huge for the state and it’s off to a great start,” Steve Pear, president of the New Mexico Division of Schwazze, said.
But this weekend sales were down.
Last Friday and Saturday, the state saw $4.3 million in sales for both recreational and medical products.
This weekend between Friday and Saturday we saw $2.9 million in total sales.
“The business was better than a normal Friday, which is what I can say about every day this week,” Pear said.
Despite sales being down, Pear said percentages of sales are still up for his dispensaries.
“I think on average, I would probably say it’s up mid to high 20s,” Pear said.
Pear believes sales will hold steady as more people become educated on cannabis products.
“I think that to me, is the biggest part. There is still a lot of myths about cannabis and what it is. The more education we can do as an industry the better for sure,” Pear said.
Those in the industry believe it will take a few more weeks before they get a clearer picture of just how much money the industry will make on a weekly basis.
READ THE FULL STORY:New Mexico statewide cannabis sales down; but business still up for some dispensaries
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